First-best road pricing

This lecture provides an introduction to how to model first-best road pricing. It covers static and dynamic congestion, as well as optimal capacity investment.

Jonathan Hall is an applied microeconomist at the University of Alabama. His research strives to improve urban transportation systems by focusing on three broad themes: first, understanding and addressing traffic congestion, second, evaluating the impacts of new transportation technologies on cities, and third, improving transportation safety. His research uses a variety of theoretical and empirical methods, including structural and reduced-form approaches, to address these themes. His work has been published in Science, the Journal of Public Economics, the Journal of Urban Economics, and Transportation Research Part B. His work has been honored Sakip Sabanci International Research Award, the Best Dissertation Award by the Transportation and Public Utilities Group, and the Best Paper Award at the Kuhmo-Nectar Conference on Transportation Economics. Professor Hall received his B.A. from Brigham Young University and his M.A. and Ph.D. from the University of Chicago. Before coming to the University of Alabama, he worked at Northwestern University and the University of Toronto.